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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Trebor who wrote (5036)5/19/1998 6:01:00 PM
From: wooden ships   of 42834
 
Flanagan versus Brinker. Flanagan, along with the G8 leaders et al.,
frets mightily over the Y2K bug. Brinker seems inclined to dismiss
the occurrence of the millennial turnover vis a vis the Y2K problem
as "a non-event." Even if Brinker is right, could the markets get
clobbered as the shadow of A.D. 2000 and the pestiferous bug,
which it may carry, creep inexorably upon Wall Street? It is said,
in the markets, that "perception is everything." Could merely the
perception of serious untoward consequences from the "millennial
bug", at some moment prior to 31 December 1999, trigger a cascade
of disinvestment, which itself might force the unwinding of mutual
fund positions in a potentially mad scramble to protect profits
pursuant to a loss of confidence in a "bug riddled" immediate
future?
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